-----Original Message-----
From: Klaus Rieckhoff [mailto:[EMAIL PROTECTED]]
Sent: December 27, 2001 2:45 PM
To: Michael Gurstein
Subject: Argentina
Michael:
I am just reading (unfortunately in Spanish and thus VERY slowly) a
book by a renowned Argentine investigative journalist, Horacio
Verbitsky, entitled "ROBO PARA LA CORONA-Los fruitos prohibidos de la
corrupcion", ISBN 950-742-145-9. He goes into the consequences and
machinations during the Menem regime in the privatization imposed by
the IMF. As I understand it, by various schemes of subsidization and
machinations, while the state enterprises where sold at bargain
basement prizes to the private sector a lot of originally private
debt was converted into public debt. Thus it appears to be no
coincidence that the amount of public debt is roughly of the same
magnitude as private Argentine investment in the USA.It was published
in 1991 it may be somewhat out of date as to the state of affairs but
does a first class job of explaining its origins.
The book is very detailed, giving names, numbers etc.
I recommend it to you and anybody interested.
Cheers and Happy New Year!
Klaus Rieckhoff
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Klaus E. Rieckhoff, Ph.D.,Ll.D.(hon.)
Professor Emeritus,
Department of Physics,
Simon Fraser University
8888 University Drive, Burnaby, B.C. V5A 1S6
Phone: (604) 291 4848, FAX: (604) 291 3592
Home: (604) 987 5655, e-mail: [EMAIL PROTECTED] or [EMAIL PROTECTED]
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